ExxonMobil (XOM) Stock Analysis
EnergyPetroleum Refining
Q2 2026 · +42.3% revenue · +36.3% revenue
Beat the trendvs trailing 3-quarter avg
Revenue▲+43.7 ppvs trend
Net income▲+129.3 ppvs trend
Diluted EPS▲+132.9 ppvs trend
Free cash flow▲+104.2 ppvs trend
Outperformed in 4 of 4 metrics
How the cash was deployedQ2 2026
Operating cash flow$32.26B
$13.00B (40.3 %)
Share buybacks$10.01B (31.0 %)
Dividends paid$8.63B (26.8 %)
Debt repayment$135.00M (0.4 %)
Returned to shareholders this quarter$18.64B▲ +1.4%
Last 8 quarters of revenueLatest quarter highlighted. Q4 reconstructed from the annual filing.
+42.3% +36.3%
90.02BQ3 24
83.43BQ4 24*
83.13BQ1 25
81.51BQ2 25
85.29BQ3 25
82.31BQ4 25*
85.14BQ1 26
116.02BQ2 26
* Q4 is reconstructed from the annual filing (FY − Q1 − Q2 − Q3), since the SEC does not require a Q4 10-Q.
RevenueAccelerating
$116.02B▲+42.3% ▲+36.3%
83.08B
93.06B
90.02B
83.43B
83.13B
81.51B
85.29B
82.31B
85.14B
116.02B
Net incomeReversal
$14.53B▲+105% ▲+247%
8.22B
9.24B
8.61B
7.61B
7.71B
7.08B
7.55B
6.50B
4.18B
14.53B
Free cash flowSlowing
$19.26B▲+56.3% ▲+762%
9.59B
13.91B
25.32B
−37.20B
7.05B
12.32B
18.38B
−35.41B
2.23B
19.26B
Diluted Reversal
$3.48▲+112% ▲+248%
2.06
2.14
1.92
1.72
1.76
1.64
1.76
1.54
1.00
3.48
Margins
Gross marginNot enough history
—— —
Not enough quarters yet to read the trend.Operating marginNot enough history
—— —
Not enough quarters yet to read the trend.Net marginReversal
12.5 %▲+3.8 pp ▲+7.6 pp
9.89
9.93
9.56
9.12
9.28
8.69
8.85
7.90
4.91
12.52
| Metric | Q2 2025Same quarter, prior year | Q1 2026Previous quarter | Q2 2026Latest quarter | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue | $81.51B | $85.14B | $116.02B | +42.3% | +36.3% |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expenses | $70.80B | $78.17B | $96.59B | +36.4% | +23.6% |
| Operating income | — | — | — | — | — |
| Net income | $7.08B | $4.18B | $14.53B | +105% | +247% |
| Diluted | $1.64 | $1.00 | $3.48 | +112% | +248% |
| Operating cash flow | $24.50B | $8.71B | $32.26B | +31.7% | +271% |
| $12.18B | $6.47B | $13.00B | +6.7% | +101% | |
| Free cash flow | $12.32B | $2.23B | $19.26B | +56.3% | +762% |
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 8.7 % | 4.9 % | 12.5 % | +3.8 pp | +7.6 pp |